US Pres. Trump: Just authorized a doubling of tariffs on steel and aluminum with respect to Turkey

By | August 10, 2018

US President Donald Trump via Twitter in the last minut:

“I have just authorized a doubling of Tariffs on Steel and Aluminum with respect to Turkey as their currency, the Turkish Lira, slides rapidly downward against our very strong Dollar! Aluminum will now be 20% and Steel 50%. Our relations with Turkey are not good at this time!”

As of writing, the USD/TRY was up 11.7% on the day at 6.20.

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